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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Apr 06, 2004
Page
5
Investors pushed U S stocks higher as banks and builders lagged on rate hike fears while blue chips and tech led the broad advance. Dow rose to 10558.37, S&P 1150.57, Nasdaq 2079.12 on positive jobs data and easing inflation hopes.
Eastern Cornbelt carcass prices unavailable. Illinois Direct Hogs show trend steady to 1.00 lower with light to moderate demand. Carcass weights 300-400 lbs 35.00-38.00. 400-500 lbs 37.00-40.00. 500-600 lbs 39.00-42.00. over 600 lbs 41.00-43.00. Boars under 300 lbs 27.00-31.00. over 300 lbs 8.00-10.00.
Soybean futures fell sharply while grain prices eased on the Chicago Board of Trade. May wheat dropped to 4.14 dollars a bushel, May corn to 3.29, May oats to 1.73, and May soybeans to 10.24 dollars per bushel as trading closed.
A compact faith note citing scriptures on Jesus' mission to serve and sacrifice, salvation as grace not works, victory through Christ, and the believer’s response in worship, baptism, confession, and receiving forgiveness in communion.
May light crude settled at 34.38 a barrel after a dip to 34. A gasoline rally fluctuched between 1.0720 and 1.0480 per gallon. Brent May rose to 30.69 on ICE. Gasoline futures slid 1.37 cents to 1.0585 amid data showing rising gasoline stocks easing supply fears ahead of summer driving season.
Bank of America Corp announces 12500 job cuts over the next two years following its merger with FleetBoston Financial. The reductions equal about 7 percent of the combined 181000 workforce, with roughly 380 percent via attrition, and expected annual savings near 650 million. The merger makes the combined bank the third largest in the nation with about 966 billion in assets.
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